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Stability AI raises $80 million in funding with new CEO and board

PRIVATEJun 25, 2024•almost 2 years ago

Amount Raised

$80 Million

LondonInformation Technology

Investors

HillspireLightspeed Venture PartnersCoatue Management

Description

Stability AI has raised about $80 million in funding, and appointed industry veteran Prem Akkaraju as its top boss. The company's generative AI tools compete with those made by Google and OpenAI, and it has also released AI models to generate audio and video using text prompts.

Company Information

Company

Stability AI

Location

88 NOTTING HILL GATE

London, England, United Kingdom

About

Stability AI is the world's leading open source generative artificial intelligence company, collaborating with public and private sector partners to bring next generation infrastructure to a global audience. Headquartered in London with developers across the globe, Stability AI's open source ethos provides the definitive path for cutting-edge research in imaging, language, code, audio, video, 3D content, design, biotech and other scientific studies.

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Funding Insights

Based on industry data
VC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech

Fundz is a real-time business intelligence platform powered by agentic AI that proactively delivers personalized daily signals — including funding rounds, executive changes, M&A activity, 13F institutional filings, SEC 8-K events, investor activity, and website modifications — based on each user's watchlist and ICP. A trusted data source at firms such as BlackRock, Oracle, Kleiner Perkins, LinkedIn, HubSpot, and Cloudflare, Fundz democratizes the institutional-grade intelligence that previously required a PitchBook or Bloomberg terminal. Features include FundzWatch™ for automated website change detection, FundzIQ™ for AI-powered daily briefings, and unified cross-signal alerts across 200,000+ companies.

Watching Stability AI? See every signal — funding, hires, M&A, contracts, sentiment.

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